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Slide #2. Arthur J. Gallagher & Co. — Sunderland Insurance Services, Inc
Acquirer:
Arthur J. Gallagher & Co. (NYSE:AJG)
Acquiree:
Sunderland Insurance Services, Inc
Details:
Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Sunderland Insurance Services, Inc. in Walnut Creek, California. Terms of the transaction were not disclosed.
Gallagher (Arthur J.) is a holding company. Through its subsidiaries, Co. provides insurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to businesses and organizations. Co.'s segments are: brokerage, which is mainly comprised of its retail and wholesale insurance brokerage operations; risk management, which provides contract claim settlement and administration services for enterprises and public entities that choose to self-insure their property/casualty coverages and for underwriting enterprises that choose to outsource their property/casualty claims departments; and corporate, which manages its clean energy and other investments.
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Buy (2.88 out of 4) 21st percentile
(ranked lower than approx. 79% of all stocks covered)
Analysts' Target Price: AJG Stock Forecast Based on Zacks ABR data; powered by Xignite |